CandleFocus Solana (SOL) Death Cross Is Canceled
2024-09-22
Author: Content Editor
In the crypto market, Solana has avoided a bearish signal known as a death cross, where the 200-day moving average intersects with the 50-day moving average. The price of Solana rebounded between $140 and $145, preventing the death cross scenario and potentially recovering some of its lost value. To continue this positive momentum, Solana needs to maintain its position and break through resistance levels at $145 and $160, with the potential to reach the $180 range seen earlier this year. This bounce has provided investors with a glimmer of hope and reduced the risk of further decline for Solana.
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